Fed's Evans expects low rates well into 2015

NEW YORK (MarketWatch) -- The current low 1% inflation calls for extended policy accommodation, Chicago Fed President Charles Evans said Tuesday. "Let me reiterate that I currently expect that low inflation and still-high unemployment will mean that the short-term policy rate will remain near zero well into 2015," he said. He also downplayed the risks from financial stability as he said macroprudential tools are better suited to address those concerns. Evans is not a voting member this year.

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